---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-010519"
form_type: "8-K"
ticker: "ALGM"
cik: "0000866291"
company_name: "ALLEGRO MICROSYSTEMS, INC."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:22:04.545715+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Allegro to repurchase 38.8M shares from Sanken at offering price; prelim Q1 GAAP net loss $17.7M

## Summary
- Repurchases 38,767,315 shares from Sanken at the equity offering price; Sanken's stake to fall to ~33.2% (or 32.5% if underwriter option exercised).
- Preliminary Q1 net sales $167M ±$1M; GAAP net loss $17.7M ±$1M; GAAP diluted EPS $(0.10)-(0.09).
- Non-GAAP net income $6M ±$1M, diluted EPS $0.02-$0.03; adjusted EBITDA $22M ±$1M.
- Director Koji Hatano resigns effective first closing of the repurchase.
- Credit agreement to be amended to add incremental term loans and increase revolving commitments by $32M.

## SEC filing metadata
- accession: 0000950103-24-010519
- form_type: 8-K
- ticker: ALGM
- cik: 0000866291
- company_name: ALLEGRO MICROSYSTEMS, INC.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866291/000095010324010519/0000950103-24-010519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866291/000095010324010519/dp214872_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-010519
- JSON: https://secwatch.observer/filing/0000950103-24-010519.json
- Plain text: https://secwatch.observer/filing/0000950103-24-010519.txt

## Key facts
- Executive change
  Kojiro (Koji) Hatano resigned as Director at ALLEGRO MICROSYSTEMS, INC..
  - Action: resigned
  - Role: Director
  source text: On July 23, 2024, Kojiro (Koji) Hatano notified our Board of his decision to resign from the Board, effective as of the First Closing of the share repurchase.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866291/000095010324010519/0000950103-24-010519-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.